Business

The Lucio Tan Group Inc. (LTG) reported a net income of P4.56 billion for the first half, a 28-percent growth from P3.57 billion on the back of strong earnings from its banking and tobacco units.

Property developer DMCI Homes is spending over P10 billion this year for its capital expenditures (capex) to fund its project developments and land acquisitions.

The Gokongwei-led conglomerate JG Summit Holdings booked a 30.6 percent increase in profit in -he first semester on the back of double-digit income growth in its airline and petrochemicals businesses.

By Riza Lozada The government further relaxed rules on foreign-exchange transactions, raising the amount of foreign that can be bought from local banks without the need for documentation, the policy-making Monetary Board (MB) said.

The Chua Group of Companies, recently inaugurated a new ship repair and shipbuilding facility in Albuera, Leyte.

By Riza Lozada  The local bourse has noted a boom in online stock trading as the number of online stock market accounts continued to grow in 2015, posting an increase of 35.6 percent to 236,669 from the 2014 count of 174,592. Since 2010, the number of online accounts has now registered a 46.1 percent compounded annual growth rate. 

Effective August 1, Cecilia C. Borromeo will serve as officer-in-charge of Land Bank of the Philippines (LandBank), the leading government financial institution that carries out a development mandate anchored on promoting inclusive economic growth especially in the countryside. 

Throwing out the opposition of the Philippine Competition Commission, the Court of Appeals (CA) approved Globe Telecom’s urgent motion to consolidate its petition with Philippine Long Distance Telephone Co. (PLDT).

Brothers Tyler and Tyreke Ang had a fun idea last summer: both signed up as kiddie managers at their favorite jolly place, Jollibee.

The region’s multilateral lender Asian Development Bank (ADB) will have Takehiko Nakao as President for an additional five years beginning this November 24 based on the recent elections held by the ADB board.